Yes I'm afraid so this will be an illegal transfer as you are purposely putting assets out of reach of your creditors and your wife is receiving an asset at an undervalue as she has not paid market price for it.

The Trustee will either pursue your wife or simply overturn the transaction.

With an asset like that it sounds to me that Bankruptcy is probably not the best option for you.

You might want to consider your alternatives, to include an IVA (Individual Voluntary Arrangement).